Production, Growth and Business Cycles: Technical Appendix
There are four programmes with notations that follow King et al, 1987, very closely. The programmes are GAUSS versions of MATLAB programmes by KPR. The linearized economy is solved for the optimal decision rules using the saddle point stability property of the competitive equilibrium. 1) DYN.E - setting up the basic system matrices and manipulating the system. 2) MDR.E - solving for the Markov-decision rules 3) IMP.E - computing impulse responses and transitions towards the steady state 4) SIMUL.E - simulating the model with stochastic shocks. Results are HP-filtered but moments of 'raw' data can be computed directly. STEP 1 AND 2 SHOULD ALWAYS BE COMPLETED BEFORE 3 OR 4 There are 4 example files in DYN.X1, MDR.X1, IMP.X1, AND SIMUL.X1. These illustrate the simplest model economy from KPR, 1988a
(This abstract was borrowed from another version of this item.)
Volume (Year): 20 (2002)
Issue (Month): 1-2 (October)
|Contact details of provider:|| Web page: http://www.springerlink.com/link.asp?id=100248|
More information through EDIRC
This item is featured on the following reading lists or Wikipedia pages:
When requesting a correction, please mention this item's handle: RePEc:kap:compec:v:20:y:2002:i:1-2:p:87-116. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.